Home Price Increases Slow For Second Month In A Row. To Buy A House?

The growth in home prices slowed again in May, an indication that the US housing market is cooling.

The S&P CoreLogic Case-Shiller National Home Price Index, a leading measure of US home price growth, showed 19.7% growth in May, down from 20.6% in April

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S&P DJI managing director Craig Lazarra said the housing market was performing well, despite slowing price growth. Despite this deceleration, growth rates remain robust."

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The S&P CoreLogic Case-Shiller National Home Price Index, a leading measure of US home price growth, showed 19.7% growth in May, down from 20.6% in April

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US real estate values went up by 20.5% in May, down from 21.2% in April. All cities experienced double-digit gains. May 2022 saw higher price increases than April 2022 in four of the 20 cities.

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In May, Tampa, Miami, and Dallas had the highest year-over-year gains. In Tampa, prices grew 36.1%, in Miami they grew 34%, and in Dallas they grew 30.8%.

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Across the South and Southeast, prices grew by 30.7%. The slight slowdown in national growth may be a sign that the housing market is finally cooling.

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A more challenging macroeconomic environment may not support extraordinary home price growth for much longer."

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